PACCAR Inc (PCAR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,162,000 | 4,600,800 | 3,011,600 | 1,865,500 | 1,301,200 |
| Revenue | US$ in thousands | 33,663,800 | 35,127,400 | 28,819,700 | 23,522,300 | 18,728,500 |
| Net profit margin | 12.36% | 13.10% | 10.45% | 7.93% | 6.95% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $4,162,000K ÷ $33,663,800K
= 12.36%
PACCAR Inc's net profit margin has exhibited an overall positive trend over the past five years, showcasing a steady increase from 6.95% in December 31, 2020, to a peak of 13.10% by December 31, 2023. This indicates an improvement in the company's ability to control costs and generate profits from its operations. While there was a slight dip to 12.36% by December 31, 2024, the margin remained relatively high, reflecting PACCAR's efficiency in converting revenue into net income. Overall, PACCAR's net profit margin performance demonstrates a strong and improving profitability position over the analyzed period.
Peer comparison
Dec 31, 2024